NEXT Financial Group Inc Reduces Holdings in NVIDIA Corporation (NVDA)
NEXT Financial Group Inc trimmed its position in NVIDIA Corporation (NASDAQ:NVDA) by 63.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,084 shares of the computer hardware maker’s stock after selling 10,517 shares during the period. NEXT Financial Group Inc’s holdings in NVIDIA were worth $1,177,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in NVIDIA by 7.1% in the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after purchasing an additional 2,676,976 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of NVIDIA by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock valued at $687,931,000 after buying an additional 768,200 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of NVIDIA by 5,424.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NVIDIA by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock valued at $585,894,000 after buying an additional 46,686 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of NVIDIA by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock valued at $512,549,000 after buying an additional 78,943 shares in the last quarter. 63.40% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on NVDA. Citigroup reaffirmed a “buy” rating and set a $210.00 price objective (up from $185.00) on shares of NVIDIA in a research report on Friday, September 29th. Vetr cut NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price objective on the stock. in a research report on Wednesday, January 3rd. Goldman Sachs Group reaffirmed a “buy” rating and set a $228.00 price objective on shares of NVIDIA in a research report on Friday, January 5th. Bank of America set a $210.00 price objective on NVIDIA and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Needham & Company LLC lifted their price objective on NVIDIA from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $192.45.
NVIDIA Corporation (NASDAQ NVDA) traded down $2.87 during midday trading on Tuesday, hitting $220.11. The stock had a trading volume of 17,547,244 shares, compared to its average volume of 13,410,000. The company has a market cap of $133,390.00, a P/E ratio of 55.03, a P/E/G ratio of 5.19 and a beta of 1.18. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a 52-week low of $95.17 and a 52-week high of $227.51.
NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. research analysts expect that NVIDIA Corporation will post 4.19 EPS for the current fiscal year.
In other news, Director Dawn E. Hudson sold 3,052 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total transaction of $654,318.28. Following the transaction, the director now owns 28,816 shares of the company’s stock, valued at approximately $6,177,862.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 171 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total value of $31,732.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,858 shares of company stock worth $4,227,384. Corporate insiders own 5.17% of the company’s stock.
NVIDIA Company Profile
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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